Social media is not just for 15 year olds posting pictures of what they did on weekends. Rather, social media tools (sites such as Twitter, Facebook, Digg, etc) allow for companies to generate exposure, opportunity , sales and new business partnerships.
Social media is a way to talk about products, become part of a community, engage conversations and create buzz. Companies will only gain by using social media tools and more should jump on the bandwagon.
The following is an article on Ralph Lauren's innovative marketing plan incorporating social media. Imagine picking up your iPhone, choosing an 'app' that allowed you to customize an outfit to your taste. Now imagine that you can order this outfit and have it shipped to your home within a few business days. Well, now you can.
Check it out: http://www.clickz.com/3634938

Great entry Lisa! It's amazing to me how many organizations don't consider the online component, or don't make social media a large part of their marketing strategy. If you can be creative with your use of web 2.0, it's even better!
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